Top 10 Stories

Guardian: Theresa May summoned the internet giant Yahoo for an urgent meeting on Thursday to raise security concerns after the company announced plans to move to Dublin where it is beyond the reach of Britain's surveillance laws. By making the Irish capital rather than London the centre of its European, Middle East and Africa operations, Yahoo cannot be forced to hand over information demanded by Scotland Yard and the intelligence agencies through "warrants" issued under Britain's controversial anti-terror laws.  

Search Security: Malware authors have had great success targeting financial institutions in recent years, and in turn those organizations have a vested interest in improving their banking botnet detection capabilities. However, one expert says financial firms are failing because they ignore unusual network traffic. Jason Milletary, senior security researcher with Dell Inc.'s SecureWorks unit, which recently released a report on the top banking botnets that the security vendor observed in 2013, said that most banking botnets have...

Daily Dot: A 21-year-old Australian man was arrested for hacking into and then selling access to the database of League of Legends’ developer, Riot Games. Police say the man used a Dutch Internet service provider to hack the American company and then put the information on a Panamanian website. The service included the option buy player IP addresses.

Guardian: Lawyers for hacker Andrew "Weev" Auernheimer, who is serving a 41-month prison sentence, will appear in a US court on Wednesday to try to overturn a conviction they say has serious repercussions for internet freedom. Auernheimer, a self-confessed internet troll and hacker, was found guilty in November 2012 of identity theft and conspiracy to gain unauthorised access to AT&T public servers, after he obtained thousands of email addresses of iPad owners. He shared his findings with...

Threatpost: Twelve days after acknowledging that someone attempted to breach its system, Sally Beauty Supply confirmed this week that an attacker was able to penetrate the company and make off with fewer than 25,000 records of its customers’ sensitive banking information. The chain’s parent company Sally Beauty Holdings, Inc. posted a statement on its site Monday morning that it had detected an “unauthorized attempted intrusion” into its network back on March 5 and that it immediately recruited Verizon Enterprise Solutions...

  BBC: A web server belonging to the games company Electronic Arts has been hacked and is now hosting a phishing website, according to an internet security firm. The website that has been put in place by hackers asks users to enter their Apple IDs - the credentials needed to access services like Apple's iTunes.  

  CFO: Target’s recent series of data breaches inflicted a nasty bruise on its brand reputation, but the retailer’s pain would have been even worse had it been subject to civil penalties over the fiasco. And that’s just what the Federal Trade Commission would have preferred. FTC deputy director Daniel Kaufman said at a conference today that the commission is hoping Congress will see fit to legislate monetary consequences for breached companies, according to a VentureBeat article.  

Softpedia: A US Army combat commander decided to run a small experiment to see how many Army employees would fall for a phishing scam. No one fell for it, but the lack of coordination with other government departments led to a scandal. According to The Washington Post, the phishing emails were designed to look like they were coming from Thrift Savings Plan, a small agency that provides retirement savings services for a majority of federal workers. The...

Mashable: Google, Microsoft, Yahoo and other tech giants knew of the existence of the Internet surveillance program PRISM, they just didn't know it was called that, according to the NSA's top lawyer. Rajesh De, the spy agency's general counsel, said that the companies knew that the NSA was collecting data from them. This revelation comes after months of repeated — and very similar —denials by the tech companies.  

  V3: Chancellor George Osborne has unveiled his master plan to help the UK's recovering economy to grow over the coming year. The strategy includes many big moves, such as the creation of a brand new £42m data and algorithm research institute named after Alan Turing and tax breaks for small to medium-sized and new businesses. We've rounded up some key responses from the technology community to the UK government's 2014 budget, which in general have been positive...